March 22 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Friday that it booked sales of 9.25 million levs ($5.3 million/4.7 million euro) and a preliminary gross profit of 1.56 million levs in the second month of 2019, missing its forecast for 9.48 million levs in February sales.
M+S Hydraulic pocketed sales of 10.32 million levs and a preliminary gross profit of 2.02 million levs in February 2018.
The company recorded total sales of 19.5 million levs and a preliminary gross profit of 3.42 million levs in January and February combined, M+S Hydraulic said in a bourse filing.
The hydraulic equipment maker expects to book sales of 9.99 million levs in March.
M+S Hydraulic said at the end of 2018 that it expects its revenue in 2019 to be around 124 million levs, same as in 2018.
M+S Hydraulic is an affiliate of blue-chip diversified group Stara Planina Hold [BUL:5SR].
(1 euro = 1.95583 levs)